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Finance & Economy - Page 175

Tinubu Backs 15% Fuel Import Tariff, Suspends Rollout Until Naira, Economy Recovers

The Federal Government has approved a 15 per cent ad valorem import duty on petrol and diesel imports but says the policy’s enforcement has been placed on hold until the naira appreciates and international oil prices decline. President Bola Tinubu signed off

October 31, 2025

Finance & Economy

Elumelu: Youth restiveness ticking time Bomb for Africa, others

The Chairman of the United Bank for Africa (UBA), Mr. Tony Elumelu, has stressed the need to unlock the potential of youths in Africa to catalyse the socio-economic development of the continent. According to Elumelu, youth restiveness remains a ticking time-bomb in

August 28, 2023

Currency·Finance & Economy

Nigeria lets naira weaken in possible move to unify exchange rates

Nigeria let the naira weaken to a record low against the dollar on the official market on Friday, according to traders, who said this could be a move by the central bank to unify multiple exchange rates. Having traded within a band

August 28, 2023

Entrepreneurship·Finance & Economy·Personal Finance

Union Bank launches investment video series, ‘The Journey to Wealth’

Digital lifestyle and investment platform, M36, said it is launching a mini-video series focused on providing individuals with the insights and tools they require to make well-informed investment decisions and actively grow their wealth. The series called “The Journey to Wealth”, will

August 28, 2023

Entrepreneurship·Finance & Economy

African Finance Barometer shows industry leaders committed to transformation at all levels

The first African Financial Industry Barometer, developed in partnership with the Africa CEO Forum, reveals in exclusivity how, in the exceptional context of the pandemic, financial institutions operating in Africa are undertaking a transformation of their business model, governance, and risk management

August 28, 2023

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Finance & Economy

Nigerian Exchange Limited hosts free training to derivatives traders

In collaboration with NG Clearing (NGCL) Limited – the Central Counterparty Clearing System for the NGX derivatives market – Nigerian Exchange (NGX) Limited held a free training for firms that have applied to participate in the derivatives market on Wednesday, 7 April

August 28, 2023

Finance & Economy

Coca-Cola Considers Options for $6 Billion Africa Unit

Coca-Cola Co. is weighing options for its bottling business in Africa, including a sale or initial public offering, according to people familiar with the matter. The soft drinks giant holds 66.5% of Coca-Cola Beverages Africa and is speaking with potential advisers about

August 28, 2023

IMF Sympathises With Victims Of Kenya Anti-tax Protest

Business·Oil & Gas

IMF Backs Fuel Subsidy Removal, As Gov’ts Spend $7trn To Lower Prices

About $7 trillion was spent globally on explicit and implicit fossil-fuel subsidies in 2022, the International Monetary Fund (IMF) revealed in a new report. With the cost of subsidies rising by $2 trillion over the past two years, the IMF advised governments

August 25, 2023

Business·Currency

Black Market, Official Window Forex Dealers Drop Dollar Rate

Authorised dealers and their clients traded the dollar at the rate of N771.69/$1 at the close of trading in the Investors’ and Exporters’ (I&E) window of the official market on Thursday. This is slightly below the N773.42/$1 rate reported on Wednesday, indicating

August 25, 2023

Naira Ends Week With Marginal Gain Against Dollar

Finance & Economy

Nigeria’s FX Crisis Will Continue Until We Scale Up Production For Export’

The persisting foreign exchange crisis in Nigeria which has seen the naira fall to a record low, especially in recent time, will continue unless the country comes up with an effective strategy to boost production and increase exports, says Pat Utomi, a

August 24, 2023

Business·Currency·Insights

2years Of BDC Ban: Dollar Hoarders Made Whopping 80% Gain From Emefiele’s Infamous Decision

Six days ago, the Central Bank of Nigeria (CBN) lifted the restriction placed on sales of foreign exchange to the Bureau De Change operators by the apex Bank’s suspended chief, Godwin Emefiele. Since his suspension, the CBN’s acting governor, Fola Shonubi, has

August 24, 2023

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Finance & Economy - Page 175

Tinubu Backs 15% Fuel Import Tariff, Suspends Rollout Until Naira, Economy Recovers

Elumelu: Youth restiveness ticking time Bomb for Africa, others

Nigeria lets naira weaken in possible move to unify exchange rates

Union Bank launches investment video series, ‘The Journey to Wealth’

African Finance Barometer shows industry leaders committed to transformation at all levels

Nigerian Exchange Limited hosts free training to derivatives traders

Coca-Cola Considers Options for $6 Billion Africa Unit

IMF Backs Fuel Subsidy Removal, As Gov’ts Spend $7trn To Lower Prices

Black Market, Official Window Forex Dealers Drop Dollar Rate

Nigeria’s FX Crisis Will Continue Until We Scale Up Production For Export’

2years Of BDC Ban: Dollar Hoarders Made Whopping 80% Gain From Emefiele’s Infamous Decision

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